Despite a solid operational performance, Pembina Pipeline Corp fell short of earnings expectations in its latest report.
Recent earnings trend
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Pembina Pipeline Corp
PPL.TO
PPL.TO
Pembina Pipeline Corp
WealthAwesomeMarket cap
$39.85B
P/E
24.1x
Div. yield
4.09%
Div. / share
$2.88
52W high
$72.72
52W low
$46.41
1W change
-2.82%
Beta
0.71
Analyst Price Targets
Based on analyst covering PPL
Wall Street analysts forecast PPL stock price to rise 4.0% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$71.28
+4.0% Upside
Current Price
C$68.54
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on PPL's historical volatility
30-Day Vol
22.3%
Annualized
90-Day Vol
21.2%
Annualized
Trend (90d)
+47.9%
Annualized drift
90d Mean
C$81.33
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$72.56 | C$67.19 – C$78.37 |
| 60 trading days | C$76.82 | C$68.90 – C$85.65 |
| 90 trading days | C$81.33 | C$71.19 – C$92.93 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 2 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-09-30 | 2026-11-05 | — | 0.8300 | — |
| 2026-06-30 | 2026-07-29 | 0.6600 | 0.7500 | -12.0% |
| 2026-03-31 | 2026-05-07 | 0.8100 | 0.7000 | +15.7% |
| 2025-12-31 | 2026-02-26 | 0.7558 | 0.7500 | +0.8% |
| 2025-09-30 | 2025-11-06 | 0.4700 | 0.6200 | -24.2% |
| 2025-06-30 | 2025-08-07 | 0.6200 | 0.6600 | -6.1% |
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Pembina Pipeline Corp (PPL.TO) reported its Q2 2026 earnings on July 29, 2026, showing an EPS of $0.66, which missed analyst estimates of $0.75 by 12%. This is a noticeable drop from the previous quarter's results and raises concerns about the company’s outlook in a volatile energy market.
Investor takeaway: This earnings miss could hint at potential challenges for Pembina in the coming quarters, especially as the company navigates a complex energy landscape with fluctuating commodity prices and operational costs. Investors should keep a close eye on Pembina's strategic initiatives and market conditions.
EPS of $0.66 vs Expected $0.75
This represents a 12% miss against analyst expectations, which may affect market sentiment and investor confidence going forward.
Bull case
Pembina has shown strong operational capabilities, achieving a record adjusted EBITDA of $1.064 billion, a 5% increase year-over-year. The company has also reaffirmed its 2026 adjusted EBITDA guidance, reflecting confidence in its growth strategy and potential to capitalize on new projects.
Bear case
The 12% earnings miss could signal underlying weaknesses in operational efficiency or market demand. Additionally, the expected weaker performance in Q3 due to higher maintenance costs and lower contributions from certain pipelines raises concerns about future profitability.
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